Viral Acharya

India can't rely on wealthy to drive growth: Ex-RBI Dy Guv Viral Acharya

Acharya further said that India's consumption and GDP growth have struggled to recover to pre-COVID levels, with rural areas particularly lagging behind urban centres

Retaining retail inflation at 4% an unaccomplished dream since 2019-20

The target was achieved in the first two and a half years of implementing inflation targeting in Oct 2016, but the inflation rate remained above the goal

The Big 5 Viral Acharya mantras to benefit from China Plus One strategy

"It is hard therefore to find many products outside India that are manufactured by Indian firms," he said

Why does this ex-deputy guv of RBI want India's biggest firms dismantled?

Part of his reasoning was that consumers could not fully benefit from input price declines as Big 5 companies control manufacturing of all major sectors as well as retail trade and telecommunications

Former RBI dy governor says pricing power of 'Big 5' driving core inflation

Viral Acharya says the Big5--Reliance, Tata, Aditya Birla, Adani and Bharti--are growing less at the expense of the small fries than at that of the next five big firms

Looking through supply-side inflation is a flawed approach: Viral Acharya

Financial market dominance over central banks is a huge problem and challenge, former RBI deputy governor says

US normal coinciding with RBI tightening on inflation worrying: Acharya

Former RBI Deputy Governor Viral Acharya on Wednesday said he is worried about US tapering coinciding with RBI's rate tightening, and warned that barring high forex reserves

Bad Bank: Good idea, but timing and execution being questioned

Without beefing up the regulatory framework, moral hazard may outweigh advantages, say experts

Preserve financial stability

Higher inflation tolerance will increase risks

Acharya warns against systemic risk building on low rates, high liquidity

Acharya warned that both conditions are prevalent in India. Given India's macro constraints, where the government is spending more relative to the Indian households' savings

Rajan, Viral Acharya rip apart RBI over bank licences for large corporates

The duo said banks in India are rarely allowed to fail, which helps them garner huge deposits. If banks are owned by industrial houses, it can lead to bad lending

Top headlines: RBI panel under fire, AstraZeneca says Covid shot successful

A vaccine developed by AstraZeneca and the University of Oxford prevented 70% of people from developing the coronavirus in late-stage trials, and more top headlines of the day

Blaming clean-up efforts of Rajan, Patel for slowdown a 'tragedy': Acharya

Acharya said there are analysts who blame the efforts undertaken by RBI under Rajan and Patel for the current slowdown

India must not neglect bank recap despite pandemic: Viral Acharya

Funds to provide for the losses that would be incurred through restructuring should be set aside so that banks do not strangle growth

India mustn't neglect bank recapitalisation despite Covid-19: Viral Acharya

Restoring banks' capital is critical for aiding a meaningful recovery, but there has been little focus on the matter, former RBI Deputy Governor Viral Acharya said

Top headlines: Manufacturing expands at fastest pace in 8 years in Sept

From SC ordering full refund of air tickets booked amid lockdown to Maruti Suzuki reporting 31% sales growth in Sept, Business Standard brings ypu top news of the evening

Untenable status quo

A new paper shows the need for urgency of PSB reforms

Economy needs action; govt should exit its bubble and listen to advice

Govt must be open to economists' advice and correct course

Letter to BS: No gender biases, says ex-RBI deputy governor Viral Acharya

Prof Sriram rightly raises the issue of why I put my MPC minutes in the book

A theory of everything

This book hit the markets on the same day as the one by Urjit Patel, who was RBI governor at that time